5

Garware Offshore Services

GLOBALOFFSHORESERVICESLTD NSE

Key Fundamentals

MicrocapShippingTransport Services
Market Cap
₹135 Cr
Volatility
Moderate
P/E Ratio
-13.5
EBITDA
₹6.54 Cr
Return on Equity
2.72%
Debt to Equity
0.48
Book Value
₹40.66
EPS
₹0
52W High
₹88
52W Low
₹31.36

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

2
  • Stock is trading at 1.04 times its book value
  • Company is expected to give good quarter

Weaknesses

5
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -10.2% over past five years.
  • Promoter holding is low: 30.3%
  • Company has a low return on equity of -6.53% over last 3 years.
  • Debtor days have increased from 66.8 to 85.5 days.

Growth Rate

Revenue Growth
7.27% higher than 3Y
Net Income Growth
-358% lower than 3Y
Cash Flow Change
-20.12% lower than 3Y
ROE
-94.05% lower than 3Y
ROCE
-92.45% higher than 3Y
EBITDA Margin (Avg.)
-18.24% lower than 3Y

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
6.61
7.8
7.86
7.69
8.39
7.26
8.13
8.97
4.25
6.74
12.24
12.48
11.79
Expenses
7.15
5.74
6.87
7.99
6.71
5.68
7.14
6.48
6.27
4.83
7.82
9.53
7.64
Operating Profit
-0.54
2.06
0.99
-0.3
1.68
1.58
0.99
2.49
-2.02
1.91
4.42
2.95
4.15
OPM %
-8.17%
26.41%
12.6%
-3.9%
20.02%
21.76%
12.18%
27.76%
-47.53%
28.34%
36.11%
23.64%
35.2%
Other Income
-2.77
-0.21
0.04
-104
0.04
0.05
0.05
0.6
0.79
2.71
0.61
0.31
0.17
Interest
0.75
0.11
0.49
0.68
0.47
0.37
0.37
0.63
0.48
0.61
1.73
1.61
1.51
Depreciation
2.89
3.12
3.14
3.12
3.17
3.41
3.49
3.44
2.95
3.55
5.08
6.51
5.61
PBT
-6.95
-1.38
-2.6
-108
-1.92
-2.15
-2.82
-0.98
-4.66
0.46
-1.78
-4.86
-2.8
Tax %
0.29%
1.45%
0.38%
1.78%
1.04%
0.93%
1.06%
2.04%
2.15%
19.57%
6.18%
11.52%
1.79%
Net Profit
-6.97
-1.4
-2.61
-110
-1.94
-2.17
-2.85
-1
-4.76
0.37
-1.89
-5.42
-2.86
EPS in Rs
-2.82
-0.57
-1.06
-44.47
-0.76
-0.83
-1.08
-0.33
-1.55
0.12
-0.61
-1.76
-0.93
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
89.92
160
98.49
76.26
64.82
70.8
61.2
47.35
29.61
29.96
32.75
35.72
43.25
Expenses
46.06
88.81
65.86
63.95
50.14
48.28
45.69
46.41
46.27
27.71
25.85
28.45
29.82
Operating Profit
43.86
70.98
32.63
12.31
14.68
22.52
15.51
0.94
-16.66
2.25
6.9
7.27
13.43
OPM %
48.78%
44.42%
33.13%
16.14%
22.65%
31.81%
25.34%
1.99%
-56.26%
7.51%
21.07%
20.35%
31.05%
Other Income
1.5
0.42
14.55
-119
-35.92
-40.31
12.3
-15.75
217
-107
0.74
4.41
3.8
Interest
9.46
18.79
20.04
21.41
27.07
24.6
18.07
18.72
3.23
2.07
2.01
4.43
5.46
Depreciation
13.36
22.39
22.59
23.69
23.42
24.32
26.41
28.24
24.14
12.27
13.51
18.1
20.75
PBT
22.54
30.22
4.55
-152
-71.73
-66.71
-16.67
-61.77
173
-119
-7.88
-10.85
-8.98
Tax %
8.21%
0.69%
5.05%
0%
0.06%
-2.83%
3.3%
0.45%
0.78%
1.66%
1.02%
7.83%
—
Net Profit
20.68
30.01
4.31
-152
-71.76
-64.83
-17.22
-62.05
172
-121
-7.96
-11.7
-9.8
EPS in Rs
8.36
12.14
1.74
-61.31
-29.02
-26.22
-6.96
-25.09
69.55
-48.91
-2.6
-3.81
-3.18
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
24.73
24.73
24.73
24.73
24.73
24.73
24.73
24.73
24.73
24.73
30.64
30.74
Reserves
354
386
390
238
167
102
84.82
22.88
195
73.9
108
97.26
Borrowings
298
401
376
370
389
417
397
408
39.14
23.98
17.26
60.88
Other Liabilities
30.97
19.96
25.45
45.64
62.05
93.76
106
128
26.04
18.81
12.46
16.19
Total Liabilities
708
832
816
679
642
638
612
584
285
141
169
205
Fixed Assets
403
545
519
492
463
451
453
429
129
120
116
173
CWIP
4.66
0
0
0
0
0
0
0
0
0
0
0
Investments
205
205
205
113
113
113
113
113
113
0.14
0.36
0.3
Other Assets
95.3
82.07
92.67
73.04
65.9
73.16
46.26
41.29
42.57
21.16
52.75
31.31
Total Assets
708
832
816
679
642
638
612
584
285
141
169
205
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
44.64
65.84
47.71
7.08
12.05
24.57
11.04
10.74
-1.01
12.53
-0.4
8.55
Investing
-8.57
-159
-12.73
-0.89
-8.31
-12.25
-3.58
-4.73
66.02
11.97
-10.31
-69.42
Financing
-23.39
86.6
-39.79
-4.17
-4.33
-6.97
-11.96
-2.4
-69.29
-25.44
40.27
37.83
Net Cash Flow
12.68
-6.46
-4.82
2.02
-0.58
5.35
-4.5
3.61
-4.28
-0.94
29.56
-23.03
Free Cash Flow
67.04
-93.25
47.36
6.04
3.27
11.69
7.3
5.96
65.01
24.44
-11.07
-65.73
CFO/OP
102
93
152
73
79
105
58
1,244
1
364
3
118
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
104
64
81.09
64.28
59.86
69.6
92.2
65.45
44.5
55.92
58.96
85.53
Cash Conversion Cycle
104
64
81.09
64.28
59.86
69.6
92.2
65.45
44.5
55.92
58.96
85.53
Working Capital Days
-127
-76.23
-207
-675
-1,239
-1,652
-2,365
-3,721
-310
-304
-135
-76.43
ROCE %
4.72%
6.58%
1.36%
-1.38%
-1.35%
-0.16%
-1.98%
-5.62%
-11.39%
-1.22%
-4.41%
-3.72%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

FIIs0.03%Public45.95%DIIs0.78%Others22.90%Promot.30.33%As ofJun 2026

Documents

Frequently Asked Questions about Garware Offshore Services

What does Garware Offshore Services Ltd do?
Incorporated in 1976, Garware Offshore Services Ltd is in the business of charter of offshore support vessels.[1]
Where is Garware Offshore Services Ltd (501848) listed?
Garware Offshore Services Ltd trades as GLOBALOFFSHORESERVICESLTD on the NSE and under code 501848 on the BSE.
Which sector does Garware Offshore Services Ltd belong to?
Garware Offshore Services Ltd is classified under the Transport Services sector, in the Shipping industry.
What is the market capitalisation of Garware Offshore Services Ltd?
Garware Offshore Services Ltd has a market capitalisation of ₹135.42 Cr, which places it in the Small Cap band.
What is the PE ratio of Garware Offshore Services Ltd?
Garware Offshore Services Ltd trades at a PE ratio of -13.50, on earnings per share of ₹0, against a book value of ₹40.66 per share.
What is the 52-week high and low of Garware Offshore Services Ltd?
Over the last 52 weeks Garware Offshore Services Ltd has traded between ₹31.36 and ₹88.
What is the Return on Equity (ROE) of Garware Offshore Services Ltd?
Garware Offshore Services Ltd reported a return on equity of 2.72%. Its debt-to-equity ratio is 0.48.

Company Information

Incorporated in 1976, Garware Offshore Services Ltd is in the business of charter of offshore support vessels.[1]

Website globaloffshore.in
CEO Mr. Mukund Madhav Honkan
Employees 16
Face Value ₹ 10

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